Investing in a slowing economy presents its unique set of challenges and opportunities. Jim O'Donnell, CEO of Citi Global Wealth, introduces their 2023 Mid-Year Wealth Outlook titled "Opportunities on the Horizon: Investing Through a Slowing Economy". In this report, key
Amid the increasingly complex geopolitical scenario, David Bailin, Chief Investment Officer at Citi Global Wealth, presents the '2023 Mid-Year Wealth Outlook'. In this report, Bailin addresses concerns regarding the US debt situation, the impact of artificial intelligence, US-China tensions, and
China has re-started purchase of US agricultural products including soybean and pork with tariff exemption, and the US delayed tariffs scheduled on Oct 1st by two weeks as a gesture of goodwill. These developments indicate that both sides are taking
Mid-year outlook Financial markets have had a turbulent six months. They began 2019 by rebounding strongly from the severe late-2018 sell-off. In May 2019, however, the escalating US-China trade war and renewed slowdown fears caused them to surrender some of
Weekly Review & Economic / Political Events China: The Caixin China General Composite PMI declined to 50.9 in January 2019 from 52.2 in the prior month. It was the weakest reading in four months. EU: The European Commission cut its
Late Cycle, Not End Cycle There are clear parallels between last week’s equity market sell-off and the sell-off that began in late January. In both cases interest rates increased causing equity prices to fall which in turn capped the rise
US stocks plunged following a surge in bond yields, triggered by heightened inflation expectation. The Dow Jones Industrial Average fell 1175pts, or 4.6%, to 24,345, the biggest decline since Aug 2011. The S&P 500 Index fell 113pts, or 4.1%, to
